Financial Aid Office
The Financial Aid Office provides financial assistance in the form of grants, scholarships, loans, and Work-Study employment. To apply, undergraduates and graduate students are required to file the Free Application for Federal Student Aid (FAFSA), available at http://www.fafsa.ed.gov.
The priority-filing period is January 1 to March 2 each year; however, students are encouraged to apply even if the deadline has passed. Although state and university funding may be depleted, Federal Pell Grants and Direct Loans are available throughout the year for eligible applicants.
UC Education Finance Policy for Undergraduates
UC Davis uses the University of California Education Finance Policy to determine financial aid awards for undergraduates. The policy looks at four factors to choose the type and amount of aid for each student:
The Financial Aid Office can assist students with dependents or child care costs that exceed the standard student budgets.
Undergraduates with outstanding academic records are encouraged to apply for scholarships. For information about scholarship application process, see Undergraduate Scholarships and Awards.
Graduate Student Funding
Graduate students and students in the professional schools at UC Davis (Medicine, Law, Veterinary Medicine and the School of Management) apply for financial aid by completing the Free Application for Federal Student Aid (FAFSA). Financial need is based on the information provided on the FAFSA and the student is sent a Student Aid Report (SAR) with the Student Contribution (SC) assigned by the federal processor. The SC is subtracted from the UC Davis Student Expense Budget (for the student’s graduate program) to determine need-based eligibility. Graduate scholarships, fellowships and teaching and research assistantships are administered through the Office of Graduate Studies.
Satisfactory Academic Progress
Federal regulations require that undergraduate and graduate student financial aid recipients meet the published Standards for Satisfactory Academic Progress for Financial Aid concerning units and maximum quarters of attendance allowed to obtain a degree. A copy of these standards is available at http://financialaid.ucdavis.edu/undergraduate/students/SAP.html. Review the policy in detail and discuss it with your academic adviser.
For more information, contact the Financial Aid Office. Regulations and deadlines are subject to change.
Types of Financial Aid
A grant is an award that does not have to be repaid as long as the student remains eligible. Whenever criteria and funding levels permit, a student’s financial aid award includes grants.
Federal Pell Grants. All undergraduate financial aid applicants are required to apply for a Federal Pell Grant each year by filing the FAFSA. Recipients must be enrolled at full time to receive the full amount of awarded Pell Grant and must maintain good academic standing and make satisfactory academic progress. Eligibility is determined by the federal government according to a formula developed by the Department of Education and approved annually by Congress. The UC Davis electronic notice (MyAwards) informs the student of the Pell Grant award amount.
Cal Grants. All undergraduate financial aid applicants who are California residents are encouraged to apply for a Cal Grant by submitting the FAFSA and a GPA Verification form before March 2. Cal Grants are awarded by the California Student Aid Commission (CSAC) and may be renewed each year for four years. For more information, see http://www.csac.ca.gov.
University Grants (UC Grant). The university determines grant eligibility for undergraduates by subtracting a student and parent contribution, any federal or state resources the student receives, and a standard work and loan contribution from the cost of attendance. Any remaining eligibility would be funded with UC Grant. UC Grant funding for graduate students is awarded by the Office of Graduate Studies. Students in the professional schools and the School of Education are awarded grant by their academic departments.
Bureau of Indian Affairs (BIA) Grants are awarded to students who are at least one-fourth American Indian, Eskimo or Aleut as recognized by a tribal group served by the Bureau of Indian Affairs and who show financial need. Applicants must submit a Free Application for Federal Student Aid (FAFSA) and provide supporting documents. Students are advised to write to the agency that administers their tribal affairs to request a BIA Higher Education Assistance application. The BIA Financial Aid officer on campus can help complete the application. The amount of BIA grant depends on need and availability of funds at each BIA agency.
Financial Aid almost always includes a long-term loan. Awards are dependent on funding available. Some loan fund sources do not receive allocations each year. Repayment of these loans (with the exception of Federal Direct PLUS loans) begins after graduation or withdrawal from school. Students are encouraged to work as much as possible (while remaining full-time students) and to develop modest personal budgets to keep final loan indebtedness within a manageable range.
Health Profession Student Loans (HPSL) are awarded to students in the School of Veterinary Medicine who demonstrate financial need. Parental income information is required for HPSL applicants regardless of age and dependency status.
Federal Direct Subsidized and Unsubsidized William D. Ford Student Loans (Direct Loans) are available through the Financial Aid Office. Subsidized loans are based on financial need and interest accrued while the student is in school is paid by the federal government. Unsubsidized loans are available to students regardless of income and assets, and there is no interest subsidy.
Federal Direct Parent Loans for Students (Direct PLUS) are government-insured loans that are made to parents of dependent students.
Direct Grad Plus Loans. The Grad Plus Loan is provided by the William D. Ford Direct Loan Program. (Students in Teaching Credential programs are not eligible for Graduate Plus loans.)
Federal Perkins Loans are for U.S. citizens or permanent U.S. residents. Loans may be limited to a percentage of student's need because of demand and limited funds. This is a subsidized loan, which means the federal government pays the interest on the loan while the student is enrolled in school. Repayment starts nine months after graduation or withdrawal from school and may be extended over 10 years. Additional deferments are possible for temporary total disability or volunteer service in a private, non-profit organization, VISTA or the Peace Corps. Some teachers of students from low-income families and full-time teachers of handicapped children may also qualify for partial loan cancellation.
Aggregate (Maximum) Loan Limits
Emergency, Short-Term and Assistant Loans meet temporary or emergency financial needs of currently enrolled students. Please visit the financial aid website for requirements, instructions and the online application. Loan funds are provided by UC Davis alumni, ASUCD, the Cal Aggie Foundation, the Regents of the University of California and private donors.
For applications and more information about applying, see http://financialaid.ucdavis.edu.
The Federal Work-Study program allows students to earn part of their financial aid through part-time employment. To participate, students must file a Free Application for Federal Student Aid (FAFSA) and receive Work-Study as a part of their financial aid package. Work-Study awards offer both money for education and work experience. Work-Study recipients should obtain a Work-Study job or ask to defer the Work-Study before December 1 or the award will be canceled. The Student Employment Center coordinates the Federal Work-Study program for undergraduates at UC Davis.
Community Service. A wide variety of community service jobs are available for students who apply for Work-Study funding. These jobs provide educational and rewarding work experience and help students connect with the community at large. Students applying for community service jobs also receive priority consideration for Work-Study funding.
Work-Study for Graduate Students
Work-Study funds for graduate students are allocated directly to the chairpersons of the graduate programs. Graduate students seeking Work-Study funding should contact their respective departments for further information. Students must file a FAFSA and have financial need to be considered for Work-Study funding.
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Updated: January 29, 2013 3:25 PM